Re: Huh! I got all yall beat! - Posted by jimi
Posted by jimi on July 30, 2008 at 04:20:22:
That’s exactly my reaction - an unflinching saleslady.
Hmmm, female cajones… I’ll go with chutzpah!
Re: Newbie Wholesalers - what NOT to do - Posted by Drew(Va)
Posted by Drew(Va) on July 29, 2008 at 21:21:13:
Yeah I do love the “it’s worth 170k” yet it’s listed for less. My conversation would go: “I see you have it listed for $165,000 and still hasn’t sold, so I’ll take it that it’s at least 10% over priced, and you say it’s a wholesale deal, so let’s see, you’re price is well under $104k right? No? Seriously? Well hopefully you’ll find some sucker to buy it…” Typically I’ll notice they go into foreclosure a few months later. hahaha.
I’m lucky to not have to call anyone to sell my properties, that’s why I love email, just get it all out there in one shot. Sad thing is with over 400 people I email to, I usually only get 2 responses back. They guy that buys it, and the one that tells me at least what they are willing to pay. I rather get lowballed than noballed.
I had a newbie call me a few months ago that bought an overpriced wholesale deal, poor guy, there’s no way he’s going to make any money. Bad thing was it was a more experienced investor selling the property, I hate to see that. If it ain’t a deal, no one I know gets to know about it…
It was nice seeing you too!
-Drew
Re: Newbie Wholesalers - what NOT to do - Posted by michaela-CA
Posted by michaela-CA on July 29, 2008 at 15:49:30:
Oh, I love that ‘Mr’ stuff. Here I came from a country where everybody is Mr. or Mrs or Ms until you officially change that to a first-name basis. And coming to the U.S. it seems that everybody is on a first name basis automatically. So, someone introducing themselves as ‘Mr’ or ‘Mrs’ instead of their first name sends up red flags for me. As if it’s a ‘Power Game’ - ‘I’m so much more important than you’. Can’t handle that, unless it’s an older person, that grew up with a more formal way. But someone around my age (46)or so? Forget it!
Michaela
Re: Newbie Wholesalers - what NOT to do - Posted by Natalie-VA
Posted by Natalie-VA on July 30, 2008 at 06:21:25:
I’ve sold properties to newbies that I thought weren’t really great deals, but what am I to do? I’m not lying or covering anything up. I am representing my company, and not them. That’s a tough call sometimes. I sold one recently to a RE Broker for a rental. I can’t imagine how she’s going to get it to cashflow, but who am I to question her numbers?
–Natalie
Re: Newbie Wholesalers - what NOT to do - Posted by IB (NJ)
Posted by IB (NJ) on July 29, 2008 at 18:18:46:
HAHA - I remember my Father was the boss at Newark airport and I was one of his employees. Suddenly a guy comes over looking for a job and says to my Father “Hi, are you John”. My Father replied “yes”. His response? “I’m Mr. Brown and I’m here to seek employment.”
Of course we never saw him again.
Ib (uuhum…I mean ‘Mr. Hughes’)
Re: Newbie Wholesalers - what NOT to do - Posted by Chad (MD)
Posted by Chad (MD) on July 30, 2008 at 15:25:43:
I once got a house under contract for $80k and tried to wholesale it for $110k. Unfortunately, I wasn’t getting any serious offers. One guy had offered $83k, and I was going to call him back and try to get $85k. Then I got a full price offer. I don’t think it was a bad deal at full price, but the buyer could have easily saved $10k or more just by asking.
The moral of this story is always negotiate!